News3 mins ago
My Dad's Will
57 Answers
When he was fit and able my Dad went to Nat West and made his Will with them. I am the sole beneficiary and have a copy of the Will. The bank have the original and keep it in their archives.
I also have Power of Attorney for Dad's financial affairs
When he dies, what do I have to do? Do the bank sort everything out?
This may seem a bit callous but, when he does die, I won't be able to think rationally and want to be prepared.
Thanks.
I also have Power of Attorney for Dad's financial affairs
When he dies, what do I have to do? Do the bank sort everything out?
This may seem a bit callous but, when he does die, I won't be able to think rationally and want to be prepared.
Thanks.
Answers
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Tilley, Nat west fees for being executor of a will here
£1500 set up fee and then 1.5% of the estate up to £15,000.
http://
If your Dad's affairs and will are simple that is a lot to pay! It is not hard to do it yourself.
As you have POA you can tell the bank that he no longer wants the bank to act as executor and just let them hold the will for safe keeping.
£1500 set up fee and then 1.5% of the estate up to £15,000.
http://
If your Dad's affairs and will are simple that is a lot to pay! It is not hard to do it yourself.
As you have POA you can tell the bank that he no longer wants the bank to act as executor and just let them hold the will for safe keeping.
You are absolutely right, and to be honest I don't think Nat West will be concerned about losing the work. The easiest and cheapest way would to find a Codicil to change the Executor on line and download, probably around £5/£10, take it in ask & the Bank to put it with the Will. Make sure you get a receipt for lodging it and keep a photocopy.
I understand he probably wants you to do the work but it would be better if he takes the document into the Bank, then there can be no question that it is what he wants.
I understand he probably wants you to do the work but it would be better if he takes the document into the Bank, then there can be no question that it is what he wants.
If I spot BuenChico I will point him here
he has a handful of sites which tell you what to do on a death
I would get a the top copy of the will to be honest
a bank doesnt need to store it
and when he dies - you have to wind up the estate
here is one site to start you off
https:/
Your difficulty only is if a lawyer or the bank have insisted they are also executors and then you are in their money grabbing hands - they can go slow and charge a bomb ( £200/h ). Oh and you cant fire them as executors
This would have been better under Law - Civl but you have had a few andwers from the usual suspects ....
and this doesnt look too bad
https:/
he has a handful of sites which tell you what to do on a death
I would get a the top copy of the will to be honest
a bank doesnt need to store it
and when he dies - you have to wind up the estate
here is one site to start you off
https:/
Your difficulty only is if a lawyer or the bank have insisted they are also executors and then you are in their money grabbing hands - they can go slow and charge a bomb ( £200/h ). Oh and you cant fire them as executors
This would have been better under Law - Civl but you have had a few andwers from the usual suspects ....
and this doesnt look too bad
https:/
// When the time comes go to your nearest Job Centre and ask for help.
The Job Centre also has a duty as the place to go for help when a relative dies.// eddie
Do Once and Share has finally hit the govt depts.
I cdn't believe it- you report it at one place the Job centre and since the govt computers now all handshake ( ooer Mrs ! ) it gets seeded to the bits of officialdom that need to know.
Even the job centre clerk couldnt believe her eyes when she sort of glooped at the screen and said ' your friends death is already on here'.
The Job Centre also has a duty as the place to go for help when a relative dies.// eddie
Do Once and Share has finally hit the govt depts.
I cdn't believe it- you report it at one place the Job centre and since the govt computers now all handshake ( ooer Mrs ! ) it gets seeded to the bits of officialdom that need to know.
Even the job centre clerk couldnt believe her eyes when she sort of glooped at the screen and said ' your friends death is already on here'.
/ When my Mum in law reported my Father in Laws death they even sat her down with a cup of tea and explained it all.//
deffo depends on which job centre
the one I went to Oldham rd of course kicked off with treating me like a dosser and then the clerk said: " do whaaaaa ? am I ? "
and then " do once and whaaaaa? "
I had already announced I couldnt stand and got myself a chair
and then she looked at the screen and glooped and said ..... [ see above ]
even I was surprised ....[she had even bothered to turn the screen on ]
deffo depends on which job centre
the one I went to Oldham rd of course kicked off with treating me like a dosser and then the clerk said: " do whaaaaa ? am I ? "
and then " do once and whaaaaa? "
I had already announced I couldnt stand and got myself a chair
and then she looked at the screen and glooped and said ..... [ see above ]
even I was surprised ....[she had even bothered to turn the screen on ]
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